Private Equity Bigwig Opts to Go Small

Alan Patricof, one of the original investors in Apple and a titan of the venture capital world is leaving the $20 billion private equity firm he founded, Apax Partners, to run his own $50 million venture capital fund focused on early-stage companies. “There is a market down there at the smaller end that we shouldn’t ignore,” says Patricof. “If you happen to hit it right, there can be an exponential growth factor.” And if he doesn’t hit it right? No matter, it’s not like he needs the dough.
New Fund for Prominent Investor [NY Times]
Alan Patricof Bio [Leading Authorities]

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